Netflix stock split is happening soon: Important dates to know and what it means for investors

As of yesterday’s market close, Netflix is the only Big Tech company whose stock is trading at four figures, but that will soon change.

The TV streaming giant, whose shares closed at $1,089 on Thursday, has announced that it will initiate a stock split next month. That will send the stock’s price per share much lower, though it will not change the company’s fundamental value.

Here’s what you need to know about Netflix’s upcoming stock split.

What’s a stock split?

A stock split is when a company decides to divide the number of its existing shares in order to create new ones—hence the term “split” the shares.

A stock can split by any factor a company wants. For example, in a 2-for-1 stock split, for every one share of the stock presplit, there will be two shares post-split. Or in a 100-